Polymer substance which can be easily dissolved in water to form various solutions or to modify the physical properties in order to perform various functions in aqueous media such as thickening, dispersion, coagulation, reduction, and emulsification are known as water soluble polymers. The raw materials used for composition of water soluble polymers can be extracted from the natural source or can be in terms of synthetic.
Water soluble polymers are segmented based on material as casein, polyvinyl alcohol, polyacrylamide, guar gum, gelatin, polyacrylic acid, and others. Of which, the polyacrylamide is wide used and demanded in the global water soluble polymer market. Moreover, end user applications are segmented into various industries and sectors such as paper, medical sector petroleum, water treatment, construction, and coatings.
Wide application in medical industry for drug delivery, artificial organ development, contact lenses, and tissue engineering is a major driver for water soluble polymer market. Accounting the need of developing more ecological products and to fulfill the demands of industrial segment, constant research on polymers and their changing characteristic post contact with water solution are carried out, which result in advanced innovation that may indirectly augment the market growth. Water soluble polymers are also used for water treatment on a large scale. Rising urbanization is an outcome of growing population around the globe generating requirement for houses, residential complex, which indirectly boosts the demand for end-user segments. Water soluble polymers are used in packaging agriculture chemicals and films, pulp and paper industry, sugar refining, and many others which are also some of the applications enhancing the demand for water soluble polymers. On the other hand, varying raw material prices may hamper the growth of the water soluble polymer market in future.
Asia Pacific is the leading and is termed as the largest market for water soluble polymer mainly owing to significant growth of pharmaceuticals and personal care industry in India and China. North America is anticipated to grow rapidly due to rising for polymers from oil industry and water treatment plants. Moreover, the Middle East may witness a steady growth due to high demand from oil and gas industry.
Major players leading the global water soluble polymer market include Ashland Inc., Arkema SA, DuPont, The Dow Chemical Company, BASF, Gantrade, Nitta Gelatin Inc., Kuraray Group, and SNF Group. Some other companies dealing in the global market comprise Kemira Oyj, AkzoNobel, Gelita AG, Shandong polymers Bio-chemicals Co. Ltd., Sumitomo Seika Chemicals Company, and CP Kelco.
Water Soluble Polymers Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa